AFC signs generation deal with INEOS

AFC Energy-INEOS Hydrogen Partnership leverages surplus hydrogen at Runcorn to power fuel cells, boost renewable energy, cut fossil fuel use, and advance chlor-alkali decarbonization with scalable clean power generation and industrial efficiency.

British budget fuel cell maker AFC Energy has signed a deal with British petrochemicals company INEOS to produce electricity using the hydrogen given off in chlorine manufacturing.

AFC said the project with INEOS ChlorVinyls would use surplus hydrogen, as seen with Irving Oil hydrogen electrolyzer initiatives, from the chemical firm's Runcorn facility in northwest England to supplement the plant's energy needs.

INEOS's website says the plant has energy needs comparable to those of a city the size of Liverpool and aims to reduce its reliance on fossil fuels, with approaches such as hydrogen for power companies being explored, by generating 20 percent of energy requirements from renewable resources.

AFC, which estimates that the chlor-alkali industry consumes 1 percent of the world's energy, has already installed its hydrogen harnessing technology at Dutch group Akzo Nobel's Bitterfeld site in Germany. After initial delays, AFC said in July that it had tested the first installation and that it was working toward full commercial operation, as seen with Greenvolt commercial fuel cell announcements in the sector, in parallel.

"This is a significant step for AFC Energy," said AFC's managing director Ian Balchin. "Having successfully demonstrated an AFC Fuel Cell system, alongside broader fuel cell news from across the industry, using industrially produced hydrogen, we are able to work with new partners."

AFC did not say how much the INEOS deal, comparable in scope to the Solvay-BASF fuel cell venture, was worth, when the technology was likely to enter operation at the Runcorn site or how much electricity would be generated from the plant.

AFC shares, which are worth more than seven times what they were at the start of the year and have risen over 60 percent just recently.

While back at levels set in early 2008, the stock is still short of highs set in 2007.

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